🚀 $SOL Technical Analysis July 05, 2025: PRICE STANDS AT $148.21 WITH BEARISH MOMENTUM 📉
📊 Market Insight
• Current Price: 148.21 USDT
• Moving Averages (MAs) show a bearish crossover with MA(7) at 147.95 and MA(25) at 147.68, indicating short-term downward pressure.
• Volume has increased to 1.91M SOL (24h Vol/USDT 282.08M), suggesting moderate selling activity.
• MACD shows a bearish trend with DIF at -0.43 and DEA at -0.65.
• RSI values are in the neutral territory (RSI(6): 59.24, RSI(12): 49.88, RSI(24): 46.32).
📊 Important Levels to Watch
🔼 Resistance Levels:
152.83
156.35
160.00
🔽 Support Levels:
147.12
145.22
144.66
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $152.83
☑️ Entry Point: $152.90 (enter if price breaks above 152.83 with bullish momentum confirmation)
🎯 Price Target:
TP1: $156.35
TP2: $160.00
🛑 Stop Loss: $152.20 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 152.83, an increase in volume, RSI(6) rising above 60, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $147.12
☑️ Entry Point: $146.90 (enter if price drops below 147.12 with bearish momentum confirmation)
🎯 Price Target:
TP1: $145.22
TP2: $144.66
🛑 Stop Loss (SL): $147.50 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 147.12, a decline in volume, RSI(6) dropping below 40, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today:
The current price action indicates a bearish trend following a recent pullback, with RSI in neutral territory and a bearish MACD. A breakout above $152.83 could signal a potential reversal targeting $156.35, while a drop below $147.12 may lead to further decline toward $145.22. Given the bearish momentum, a cautious approach is advised. Wait for confirmation signals and use tight stop losses due to volatility.
